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Libor Is Far from Perfect System: Pro

Wednesday, 4 Jul 2012 | 4:00 AM ET

"What is going to be interesting from Bob Diamond this morning is that they were raising concerns that there were problems with the whole Libor rate setting system back in 2005, 6,7, it is a far from perfect system this guide price," Chris Tinker, founder at Libra Investment Services, told CNBC.